Date:20/03/2008 URL: http://www.thehindu.com/2008/03/20/stories/2008032059752000.htm

Business - Briefly

Coal India devises ‘forward e-auction’

KOLKATA: Coal India Ltd has devised a ‘forward e-auction’ scheme primarily aimed at the actual user segment for redressing their long term coal requirement. The new scheme envisages allocation of coal at a price to be determined by industries on a rolling year basis comprising consecutive four quarters. CIL is planning a series of roadshows, the first of which was held in Kolkata recently. — Special Correspondent